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Manage financials › Project Workspace › Project Portfolio Management › Strategic Portfolio Management
Release: Australia · Updated: 2026-03-12 · Official documentation · View source

Create and compare financial baselines for your projects

Create and compare financial baselines to get a snapshot of the project expenses and compare the planned costs with the actual expenses.

Before you begin

For more information regarding financial baselines and how the comparison works, see financial baselines.

Role required: it_project_manager

Procedure

  1. Navigate to Workspaces > Project Workspace and open a project.

  2. Select Financials from the left menu.

  3. Create or compare baselines.

OptionDescription
Create a baseline
  1. Select Create baseline button (
    Image omitted: fin-create-baseline-button.png
    Create baseline button.).</li>

Create financial baseline window appears with the Name field is auto-populated with current date. You can edit this field to name your baseline.

Image omitted: fin-create-baseline-window.png
Create financial baseline window with Name and Description fields.</p>
  1. In the Description field, enter a brief description to identify this baseline and select Save. A baseline is created capturing the planned costs and expense is captured.

Note: You can activate a scheduled job to automatically create financial baselines.

Compare baselines
  1. Select the Baselines (
    Image omitted: fin-baselines-tab.png
    Baselines tab.) tab to view the list of existing baselines.</li>
  2. Select any two baselines and select the Compare baselines (
    Image omitted: fin-compare-baselines-button.png
    Compare baselines button.) button.
    Comparison view of the selected baselines is displayed. For more details, see Using baseline comparison view.
**Tip:** You can migrate existing financials baselines of your projects or demands from Classic UI to Financials in Next Experience.

For more information on how to migrate financial baselines of demands, see [Migrate financial baselines of demands to Next Experience](../demand-management/migrate-fin-baselines-demands.md).

For more information on how to migrate financial baselines of projects, see [Migrate financial baselines of projects to Next Experience](../project-management/migrate-fin-baselines-projects.md).

Parent Topic:Managing financials for your projects